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Illinois Valley Times

Friday, May 16, 2025

Former state university employee McConville paid in $3K to pension fund, could collect $283K in retirement

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Former state university employee Joyce McConville, who retired in June 2017, saved $3,380 toward a pension over 3 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, McConville would collect as much as $283,368, according to a projection by Local Government Information Services (LGIS), which publishes Illinois Valley Times.

The projection assumes McConville received $5,956 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, McConville will have already received $5,956 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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